So they had talks with the EU and disagreed so the news is they are not building a factory in Europe. I do wonder if the talks had gone amicably, would the story say EU then.
I do appreciate for many the terms EU and Europe are interpolatable but in reality they are not.
Do also keep in mind that such actions/statements by companies can often be a case of political bargaining and TSMC in effect telling the EU - look we don't want to be messed about, if your serious then now is the time to decide and if not, we will not delay things any further in your endless talking.
Another article upon this matter: https://www.itpro.co.uk/hardware/components/359547/tsmc-eu-c...